ProShare Advisors LLC Lowers Stock Holdings in Automatic Data Processing, Inc. $ADP

ProShare Advisors LLC trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,168,043 shares of the business services provider’s stock after selling 1,978 shares during the quarter. Automatic Data Processing makes up approximately 0.7% of ProShare Advisors LLC’s investment portfolio, making the stock its 18th largest position. ProShare Advisors LLC owned approximately 0.29% of Automatic Data Processing worth $360,224,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its holdings in Automatic Data Processing by 2,600.0% during the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 78 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in Automatic Data Processing in the 2nd quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Automatic Data Processing in the 2nd quarter worth about $26,000. Solstein Capital LLC acquired a new stake in Automatic Data Processing in the 2nd quarter worth about $28,000. Finally, Westside Investment Management Inc. increased its stake in Automatic Data Processing by 80.0% during the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group decreased their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Citigroup assumed coverage on shares of Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price target on the stock. Morgan Stanley increased their price objective on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. Finally, Dbs Bank raised Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $312.67.

Insiders Place Their Bets

In related news, VP Don Mcguire sold 13,599 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $4,033,055.43. Following the completion of the sale, the vice president owned 17,684 shares in the company, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher D’ambrosio sold 597 shares of Automatic Data Processing stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total value of $177,249.30. Following the completion of the sale, the vice president directly owned 10,541 shares of the company’s stock, valued at $3,129,622.90. The trade was a 5.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 52,516 shares of company stock worth $15,632,410. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Up 0.7%

ADP stock opened at $254.16 on Monday. Automatic Data Processing, Inc. has a one year low of $249.68 and a one year high of $329.93. The firm has a market cap of $102.79 billion, a PE ratio of 25.09, a PEG ratio of 2.39 and a beta of 0.86. The firm’s 50 day moving average price is $284.90 and its 200-day moving average price is $300.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the previous year, the business earned $2.33 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.